Trump said affordability is a ‘hoax’ in his Pennsylvania speech. What do the latest numbers show?

Last week, President Trump made headlines when he claimed that concerns about affordability are nothing but a "hoax" during a rally in Pennsylvania.

But what does the data say? We dug into some of the latest numbers to see if there's any truth to his claims. And while we can't speak for everyone affected, our findings might surprise you.

Median Household Income: A Growing Concern

• The median household income in the US has been steadily increasing over the past few years, but at a slower pace than previous decades.
• According to data from the Pew Research Center, the median household income in 2022 was $67,149 – up just 1.4% from 2020.

This slow growth has raised concerns about affordability for many Americans. And while some might argue that overall wealth is on the rise, others point out that wages are still not keeping pace with rising costs of living.

The Burden of Healthcare Costs

• When it comes to healthcare, many families are feeling the pinch. According to a recent report from the Kaiser Family Foundation, nearly 40% of adults aged 18-64 have medical debt.
• The same report found that more than one in five adults (22%) have trouble paying their medical bills on time.

These numbers highlight just how real and pressing affordability concerns are for many Americans. And it's not just about healthcare costs – rising housing expenses, student loan debt, and inflation all contribute to the sense of financial strain.

The Bottom Line

While President Trump may claim that affordability is a "hoax," the numbers suggest otherwise. With household incomes growing at a glacial pace, and medical debt piling up for many families, it's clear that affordability remains a pressing concern for millions of Americans.

Whether or not you agree with the President on this issue, one thing is certain: affordability will remain a hot topic in American politics – and personal lives – for years to come.